Magna’s Post

Bitpowr's robust authorization engine, you can craft tailored policies for wallets, transactions, and user actions. Curious how it works? Check out our guide https://lnkd.in/dY7UXqce

One of aspects of Carta's product development that excites me the most is not something we have an opportunity to talk about a lot. Its the infrastructure behind the product experiences we build that is so foundational to the ecosystem. Carta money movement infrastructure moves billions of dollars every year to facilitate crucial transactions. Now we are bringing automated money movement to fund admin and it is a game changer. This infrastructure will work to eliminate the manual, black box, and cumbersome ways that fund transactions are processed today. The future is transparent, seamless and predictable for Carta Fund Admin customers. I am pumped! https://lnkd.in/g3W_cRxn

Exciting news: Archax Signs Distribution Agreement for abrdn funds! For Professional investors – Archax is thrilled to announce the signing of distribution agreement for abrdn’s GBP, USD and EUR Money Market Funds.   With the MPC Base Rate currently at 5.25%, how much are your cash balances earning? Archax’s platform offers custody with direct, T 0 access to GBP, USD and EUR Money Market Fund yields. Archax is more than just a custodian; we’re your gateway to making your capital work for you.   Capital at risk. Choose an institutional-grade trusted provider that can help you achieve your goals. Choose Archax - https://lnkd.in/eB8_-cqp

Compliance is a critical but confusing topic for financial advisors choosing to enter the crypto-asset ecosystem. In order to realize early success an important first step is learning from experiences #crypto investment advisors engaged in the asset class. https://lnkd.in/drZNJVtF

Compliance is a critical but confusing topic for financial advisors choosing to enter the crypto-asset ecosystem. In order to realize early success an important first step is learning from experiences #crypto investment advisors engaged in the asset class https://lnkd.in/drZNJVtF

Time Sensitive: April 16th Webinar: Book Your Spot! Filing Taxes? Updating Will? Do you have a Digital Asset Will Executor? Do they understand digital asset management? Learn Everything You Need To Help Your Family & Yourself With Generational Wealth. https://lnkd.in/e7KJDZwT

A common shady practice in the financial industry is the use of proprietary mutual funds in client accounts, often without the client's understanding (giving someone 50 disclosures they won't reliably understand is not sufficient, folks!). These funds create an enormous conflict of interest because the hidden fees which would normally be split between the brokerage (e.g. Merrill Lynch) and the fund company (e.g. BlackRock) instead all goes directly or indirectly to the brokerage, and the sales rep *may* get a higher kickback or commission as a result of using the proprietary fund. The potential benefit is that sometimes the overall cost to the client is lower, but the conflict of interest is still present. Sometimes the fund is named after the company, so the practice is at least transparent (Vanguard, Charles Schwab, and Fidelity do this, along with some others) A few examples of this: -New York Life owns MainStay funds -Edward Jones owns Bridge Builder funds -Capital Group owns American Funds These are just the ones at the top of my mind because I've seen them in the last year before transferring them to my management and selling those funds, but there are probably many more. A red flag to watch out for is when all the funds in your account are from the same company. It's possible the advisor has an uncompensated affinity for the fund company, but it's also possible there are incentives to select that fund company over others. If you are in a situation where you're invested in proprietary mutual funds, or you think your current advisor may be getting kickbacks based on your investments, looking at an alternative may be worthwhile! Sales pitch time: I work as a pure fiduciary, meaning I don't get paid one penny more based on the type of investments used in your account, and you should seriously consider whether you prefer that fiduciary arrangement, or the sales-centered approach offered at many of these other companies.

🌟 Customer Success Story! 🌟 Anti Capital’s success brought exciting growth and new challenges, especially in accounting complexity. To avoid the potential risks of crypto finance, they moved beyond conventional methods to find a scalable solution to a multitude of needs - a comprehensive system for clear and accessible financial reporting, enforcement of cryptographic policies, addressing security issues, and implementing strategic changes efficiently. That's when SoftLedger stepped in to help. Our platform proved to be the perfect match for their needs. The implementation of SoftLedger's automated API function transformed their reconciliation process and paved the way for further expansion! To read more about Anti Capital's success story, visit our website here: https://hubs.li/Q02B9Nv00 #SoftLedger #CryptoAccounting #FinTech #Innovation #AntiCapital #BusinessGrowth

Are you struggling to get a grasp of everything you need to do to provide token compensation to your team? At Toku, we’ve helped the biggest organizations get their token compensation right. Read our ultimate Employer’s Guide to Token Compensation 👇 https://lnkd.in/g-kEHx3d